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army had been stolen from the ministry of defense by the very people the u.s. entrusted to run it. >> that's a lot of money. >> it's one of the biggest thefts in history, i think. >> most of the iraqi officials involved, including the former minister of defense, have skipped the country, but we found one of his deputies vacationing in paris. if you went back to baghdad, you'd be arrested. >> uh, no. nobody will arrest me. they will kill me. [ticking] [camera shutter snaps] >> these surveillance photos were taken by undercover police officers while they watched a team of seven south american thieves clean out an old navy store. >> shirts at $22.50, and they got the whole rack. >> when police moved in to make the arrest, they found enough merchandise to fill a room. all taken in less than an hour without anyone inside the store noticing a thing. [ticking] >> we have never seen a problem of this size and magnitude in world history. >> now hang on. in world history. >> there's more counterfeiting going on in china now than we've ever seen anywhere. >> name an american brand. any brand
? >>> tonight, across gaza, people are being told to flee their homes by the israeli defense force. they're trying to find shelter. arwa damon has the story of what it's like on the ground. >> reporter: this is the first family we came across. barreling down the road. all they knew was that they did not dare stay at home. we left without knowing where to go, she tells us, cradling her 4-month-old. they could hear explosions as they fled. what caused the mass exodus was the israeli army dropping leaflets, warning residents in certain areas, they needed to depart immediately for gaza city. and the leaflet even indicates specifically which routes they should take to stay safe. and though few believed the israelis, leaving was a better option than staying behind. she says, their house was hit a few days ago. this is the second school they have actually gone to, looking for a safe place to stay. but it obviously was full, as well. and now we're going with them to try out a third one. it's already packed. people angrily move benches, staking their claim. there is another school, a young man ge
are vastly different. israel's missile defense system has greatly improved, the iron dome will when incoming rockets that israel is taking on a better armed hamas. this all presenting a serious challenge for both the united states and the obama administration and obstacles in creating a genuine palestinian peace process. we will take all of that up tonight with admiral james lyons. congressman louie gohmert of texas will also be here fred also, president obama has no plan to announce tax cuts and spending cuts. why they don't add up to anything meaningful. lou: the testimony before congress has been surveyed. congressman mike rogers. everyone else has testified that they didn't. do you agree? >> i do agree. and the deputies committee, i'm sure the white house representatives of national security from the national security agency council had their orders. lou: general david petraeus says for his part, one of the confusing things -- confusion between the testimony he gave to congress three days after september 11 and what he said over the past few days in congress, it represents what happens w
to self-defense, but i'm not going further than that. >> why can't you say that you don't agree with the turks? >> because i'm not going to get in a public spinning match with allies on either side, not going to do that. >> and what is worse, public spinning match is worse than hundreds of people dying every day. >> i don't understand the question here, there's not a question here, you're just looking for a fight, let's go-- >> no, the fight is already on. >> yes, absolutely. >> what's going on over there. >> absolutely. >> and you guys by refuse to go say anything about what you're trying to do or refusing to say whether you agree or disagree with the comments that are being made by your allies or others-- >> we. >> that makes things worse not better. >> we of course agree that rhetorical attacks against israel are not helpful at this moment. is that what you're looking for, matt? >> that's victoria nuland a spokeswoman for the state department hammered by matt lee who wanted more of a response to this statement from the prime minister of turkey. it read, those who speak of mus
, is this administration hesitant to embrace missile defense for the u.s. why wouldn't we be more forward than we are? >> it's very important question. i think you have seen in this administration a concern about offending in the case of missile defense for us offending the russians when we had plans to put missile defense systems in czech area and poll and. what we are seeing is larger issue is gaza versus israel. it's important to remind people that israelis withdrew from gaza and handed the territory over to the palestinians. so when you hear people saying the problem here is the israelis aren't well to give up land for peace, what we're seeing on the screen and what we are seeing unfold the palestinians don't want hamas does not want to live in peace. they have no concerns at all about killing israeli civilians or putting their own missile launchers where their own civilians will be killed. this president's policy of withdrawing from the world, retreating from the region has put iran in a position where they, in fact, feel emboldened. we saw today reports of the international atomic agency the he
's national defense headquarters. a spokesman for the israeli prime minister benjamin netanyahu says this is a terrorist act. this as 100 israeli air strikes have killed more than 27 palestinians. the death toll in eight days there up to 137. the secretary of state hillary clinton is finishing up those direct talks this morning with the palestinian authority president mahmoud abbas. that's happening in ramallah on the west bank. and netanyahu, the prime minister, in jerusalem, another conversation she's having. now she goes to cairo where she's meeting with the egyptian president mursi. mrs. clinton making it clear that she is not interested in a quick fix in gaza. >> the goal must be a durable outcome that promotes regional stability, and advances the security and legitimate aspirations of israelis and palestinians alike. >> cnn reporters flanking the middle east today to bring you the most comprehensive coverage of the crisis in gaza and in jerusalem and in israel. ben wedeman is in gaza city. frederick pleitgen is in ashkelon city. we begin with sara sidner at the scene of that bu
, a republican nightmare will occur. all income tax rates will go up and defense spending will be cut by 600 billion. other spending, some of it dear to republicans, will also be cut by another 600 billion. the fiscal cliff is much scarier to republicans than it is to democrats. so, the president and his allies must continue to make republicans believe they are willing to go off cliff. senator durbin simply said if we do go off the cliff or the curb on january 1st, we have to be able to quote stop economic growth to prevent us from stopping at the economic growth and hurting everyone. in other words, we have to then quickly craft a legislative deal that can stop the damage to the economy that would occur if we went off the cliff and stayed off the cliff. john boehner recognizes that the fiscal cliff is the president's leverage, but boehner believes he has leverage, too. politico reported this morning president barack obama made a demand of how john baoehner nea the end of their first white house meeting on the fiscal cliff, raised the debt limit before year's end. boehner responded, quote, t
harrigan live this tuesday morning in cairo. surprise move the israeli defense minister ehud barak announced is he quitting politics all together. this comes after he led that 8 day military offensive against hamas which ended last week in what is a fragile cease-fire. he is 70 years old now. and says he will stay on until a new government is sworn in after the elections. national elections in january. ehud barak is israel's most decorated soldier. he also served as prime minister. barak has been moderating influence with the united states and powers. his decision to quit politics comes at a time of uncertainty with israel. he has clashed publicly with the prime minister there benjamin netanyahu how to handle the threat from iran's nuclear program. folks at the macy's thanksgiving day parade spotted something strange. turns out some of the confetti was actually secret police files. coming up, how social security numbers and info on undercover cops and even governor mitt romney's motorcade ended unraining down ended up raining down on the crowds. second time in just days that a bird
convict casey anthony missed? her defense attorney, jose baez knew about it. of course, he didn't bring it up. he joins us live next [ male announcer ] every day, thousands of people like you, are choosing advil® because helps you keep doing what you love. no wonder it's america's #1 selling pain reliever. you took action, you took advil®. and we thank you. starts with ground beef, unions, and peppers baked in a ketchup glaze with savory gravy and mashed russet potatoes. what makes stouffer's meatloaf best of all? that moment you enjoy it at home. stouffer's. let's fix dinner. a hybrid? most are just no fun to drive. that moment you enjoy it at home. now, here's one that will make you feel alive. meet the five-passenger ford c-max hybrid. c-max says ha. c-max says wheeee. which is what you get, don't you see? cause c-max has lots more horsepower than prius v, a hybrid that c-max also bests in mpg. say hi to the all-new 47 combined mpg c-max hybrid. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, evertime. 2% on groceries. 3% o
lieberman didn't see eye to eye with the defense minister who was leaning towards accepting this draft proposal sent by hamas via the egyptian government. so once it was clear that those efforts had sort of run into a brick wall, we saw an intensification of israeli air strikes and of course rocket fire out of gaza as well. one of the rockets, rather, one of the air strikes hit very close to the hotel where many journalists are staying right on the coast right next to the gaza city beach. now most recently within the last hour the house of a senior adviser to hamas, prime minister ishmael hamiya was hit and killed. as you mentioned, the death toll has now reached 139 according to palestinian medical sources. at the moment, it's relatively quiet, but unless there's real progress broke towards a cease-fire, we may just slip back into this exchange of fire that we have been seeing now for eight days. >> at the moment it's quiet. let me ask you, though, about the leaflets that are dropped from the sky from israel to basically warn civilians in gaza as a heads-up. look, we are sending a mis
, predictably the aclu is blasting that decision as unconstitutional. let's bring former defense attorney and trial attorney kirsten wilson. let's begin with the basics. we'll put up the firstndment. congress shall make no law respecting an establishment of a religion or prohibiting the free exercise thereof. now, as drafted, it only applied to congress but supreme court, you know what the founders meant it to apply to any government action, state or local. a judge is an arm of the government by forcing on kid to the church does he breach the first amendment? >> absolutely. case law based on the first amendment specifically says state action including the court and any sort of coercive environment, sentencing somebody and giving them the option to going to church or prison and involves religion, it is. >> it's a plea agreement. i have stated in one of the articles that i read, the parents and this juvenile were adults. they agreed to it. he is not being forced to practice a particular religion. >> gregg: even a judge, his name is mike norman, his sentence violates the constitution. let's
presidency the defense is not going to grow. >> the coordinated preplanned against the consulate on september 11th is an outrage. >> it appears to many americans that this administration failed to adequately protect u.s. personnel. >> the president has been skipping his daily intelligence briefings. >> with respect to iran i want to see a diplomatic resolution to the problem. >> the president's iran policy lacks credibility. the question is whether or not is whether the defense budget is big enough to deal with the major crisis and potential challenges around the world. >> as far as the middle east is concerned, his national policy has been abysmal failure. >> the arrogance and dishonesty is breathtaking. >> there is a circle the wagon operation around barack obama that nobody is going to penetrate. >> very close con tackle with countries like turkey and jordan that immediately border syria and obviously israel which is having already grave concerns as we do about movements of chemical weapons that might occur in such a chaotic atmosphere. >> are we better off in the middle east now than we w
as it is a spending problem. >> we heard so much about sequestration in terms of defense cuts. i get entitlements. i get the issue when it comes to taxes. you look at the amount of money this country spends on defense, is it an area where republicans say we can make cuts there as well if you want cuts on entitlements? >> absolutely. we need to make cuts anywhere we can. there are efficiencies we can find in military spending. that doesn't mean that the kind of sequestration called for by the budget act of 2011 is the way to do it. those cuts fall disproportionately on the department of defense and i think that's a problem. i've got a bill in the form of my cut, cap and balance act of 2012 that makes sequestration unnecessary because there are more cuts, some in defense and others in other areas. i have another piece of legislation that i have not yet introduced but am working on. targeted kus so we don't have to carry out all of the cutting in the area of defense or disproportionately in the area of defense. >> i want to bring in u.n. ambassador susan rice, who has a meeting on the hill in the next
death of a teenager with the gunman claiming self-defense now. >>> back on the hill, u.n. ambassador susan rice trying again today to win over republican lawmakers after round one leaves three of them unconvinced. good morning. welcome to "early start." i'm christie romans in for john on assignment. >> i'm zoraida sambolin. 5:00 a.m. on the east. half a million bucks, what do you think? are you in yet? the powerball jackpot tonight is the second largest in lottery history. that's a lot of office pools. we are in on it over here and have defied serious odds to get here. 16 consecutive powerball rollovers without a winner yet. and that streak is likely to end really soon. a lottery official calculates a 5% chance no one will win tonight if sales spike as they are expected to. and if you do happen to win the cash value of the jackpot, it now stands at 324 million dollars. but time for a quick reality check, your odds of winning are 175 million to 1. alison kosik closely monitoring powerball fever is live from new york's times square this morning. the odds are not good but the fever is r
was intercepted by the iron dome missile defense system. if everything remains this relatively quiet until 2:00 eastern this afternoon, the gaza border crossings will open. rallies opened in the streets as they celebrated what they call a victory over israel. the prime minister says he's dedicated the victory to that man, ahmed al ja'abari, killed in that air strike. as you know, that air strike inciting the fighting. hopeful that the cease fire will hold? >> reporter: the longer it does hold, as each hour goes by, people do grow more hopeful it will, in fact, be sustained. people are very aware that at this point in time it is still a very short-term solution as the looming issue of a long-lasting peace deal does still remain elusive. for the first time since this all began last wednesday, we are not seeing deserted streets in gaza. we're not hearing air strikes, various artillery rockets being fired in the distance, not hearing the wail of sirens. quite the contrary. people were in the streets since the cease fire was first announced last night. earlier, after midday prayers, chanting for
aren't going to come out of gaza towards israel. that is their stipulation. we heard the defense minister ehud barak say today that right out of the gate, what they want most likely is something like a 24-hour period where they can see whether or not hamas is capable of stopping those rockets. so negotiations ongoing and we are hearing some more kind of rumors and hopefulness coming out of cairo that perhaps a cease-fire deal has been reached, but we are waiting to hear confirmation from that and secretary clinton. >> how important is secretary clinton in that process, both in providing some calm, relative calm in that there won't be a ground invasion according to a lot of reports while she is there and she can reach out to egypt in a different way that netanyahu? >> well, there are a lot of people in this region that want the u.s. more involved in this process and for the last four years -- well, arguably the last 12, the u.s. administrations haven't paid too much attention to the palestinian be/israel conflict and now you have -- you have secretary clinton on the ground here se
's not vince lombardi. and rex makes it sound like he's won five championships. rex, as a defensive assistant, that doesn't count as a championship ring. but sparano was a bad hire as offensive coordinator. he's an offensive line coach. he's not an offensive coordinator. obviously tebow has caused some distraction. and sanchez, some. >> some. >> some. it's too much. too much. >> sanchez is awful. >> it's going to be a tug-of-war between rex ryan and mike t tanenbaum playing out behind the scenes. >> i think woody would be afraid to fire those two. i think he's joined at the hip with tanenbaum. >> that was a public humiliation, the entire nation watching after thanksgiving dinner, everyone saw that. >> it's the funniest play of all time watching sanchez fumbling, runs into the offensive lineman. it's actually funny. >> it's a broken play. so he misreads the play after calling it in the huddle five seconds before. he gets confused. he runs into the posterior of a lineman. >> it's funny. >> falls down and fumbles the ball! >> the posterior of the lineman was thrown into him by vince wilfork. it'
carney was on the defense today. he pointed out as he had done yesterday that the president spoke on the phone with senate majority leader harry reid and john boehner over the weekend. and besides carney says, the president has to talk directly to the american people. >> it is vitally important that ordinary americans actively engage in this debate because the outcome of these negotiations and the hopeful product of these negotiations are the product that we hope emerges from these negotiations will profoundly affect their lives. >> so is the president, the missing ingredient to really nailing down a fiscal cliff deal? could he end the drama right now if he stayed put in washington and held a series of face-to-face meetings with reid, mcconnell, boehner, and pelosi instead of his planned meetings this week with small business owners, business leaders and middle class americans, not to mention a trip scheduled for friday to pennsylvania. a state he won by five points in the election, to sell american voters on a tax plan he has very loudly and clearly said he's already sold them on
and choppiness of it, think about how you can maybe shift your portfolio and be more defensive. >> so, give me -- is that one of the reasons why perhaps utilities are bouncing recently, because people are looking for that safety and also the yields, of course? >> exactly. you look at the dividend yield, utilities or tell come, clearly with interest rates this low where are investors going? utilities, telecom, into mlps, high yield emerging market debt, all these areas will continue to be in a bid. what i think of from a sector allocation standpoint, what i think the next month and a half in the markets, i think of the lower beta areas, utilities and telecom one of them. >> what would you stay away from? >> i luook what is going on in europe, see big steps in that right direction. >> >> bob pisani loved the greece deal. >> a great deal. i like the idea of going to the troy ka and ask them to reinnocent mortgage. >> how much of a typical portfolio do you think you would allocate into high-yield asset? >> ultimately depends on the individual investors and how they view sort of risk and what their
that. >> why do you think that is? >> they're feeling very defensive now, and so, like, i can only assume that that is the reason why they declined. >> the banks are defensive because all 50 state attorneys general want to punish them. the states are seeking about $20 billion in damages for what they say is the irresponsible, perhaps criminal way that some mortgage companies handled what is, for most folks, the most important investment of their lives. >> in march 2012, the us government, 49 state attorneys general, and the nation's five largest mortgage lenders announced a $25 billion agreement over alleged foreclosure abuses and asked a federal judge to approve the plan. as part of that settlement, lynn szymoniak, who filed a whistle-blower lawsuit on behalf of the federal government, will receive $18 million. [ticking] coming up, the complex financial instrument that helped down the u.s. economy. >> the idea that you could lend money to someone who couldn't pay it back is not an inherently attractive idea to the layman, right? however, it seemed to fly with people who were makin
. overnight we learn that israel's defense minister, ehud barak is resigning his post. that's effective come january. that development comes as delegations for both israel and hamas meet in cairo today. they're meeting with egyptian officials to try to advance those cease-fire talks. and egypt's president mohamed morsi will meet today with judges to explain his edict barring them from overturning any decision that he makes or any laws that he imposes until a new parliament is formed. reza sayah is in cairo this morning. let's start with mohamed morsi, please. >> yeah, good morning, soledad. a few thousand protesters still here in south tahrir squares, especially those who camped out over the past several days, still seeing some clashes. most of them triggered by what seem to be teenagers and twenty somethings out here looking for trouble. we also saw our first fatality of the protest last night on sunday in a northern city where a 15-year-old member of the muslim brotherhood youth movement was clubbed to death. at this point the brotherhood doesn't seem to be using that fatality as a rallyin
defense budget. here is the bottom line. the combination of these lines pla believe that it is blissful not ignorant. the bill will come soon enough even if there is not an agreement. i say we solve the cliff and we go over the cliff and it turns out that the consumer was just past the dpraf yard all along. >> hi jim. i have grown to adore your show. it is enhanced by your insight and personality. i would like to know your thoughts about the high end luxury retail stocks and how they will fair with both the short-term and long-term. >> stocks didn't rally. these are all problems with the fiscal cliff. everyone of those stocks, sort of going off had we heard there was a deal. we have to wait for a deal or we can't plunge in. thank you for all of those kind words. >> can we go to paul in new hampshire? >> booyah from the granite state. if the mortgage interest deduction is lieliminated, whato you think the impact will be? >> impact on real estate investment trusts? >> they are totally trading as a factor of the dividend tax. and what people think it can eastern after tax on how little the
. we need to look at defense, ed. when you look at where we can e cut, there's billions of dollars in waste, fraud and abuse at the pentagon. when you look at the huge tax cuts of millionaires and billionaires, we need to make sure we do not extend those tax cuts. when you look at the oil subsidies that oil companies received, there are many ways to move forward and stop this human cliff from occurring, but we do not need to go with seniors, we do not need to do this on the the backs of low-income individuals and the poor. it doesn't make any sense. it's not fair and it's morally wrong. >> i think it's morally wrong and it's not fair. there is a moral obligation to help the poor and those trying to recycle back into the economy. but do you feel confident that the democrats will hold the line for the less fortunate? >> i feel very confident the democrats will hold the line for the least fortunate. when you look at what's happening in our districts, we have people who are unemployed. we have the long-term unemployed. and we have people who want to work. we need to create jobs and inv
released e-mails of the defense department reveal traditional islamic procedures were followed but none of the officers aboard watched the burial. >>> and here is proof drug smugglers will try anything. australian police discovered roughly quarter of a billion dollars of drugs stashed inside a steam roller shipped in from china and busted a u.s. citizen and a canadian. i'm gary tuchman in atlanta. happy thanksgiving to all of you. next, "cnn presents." >>> tonight on "cnn presents." toxic schools. >> that was a building that was storing chemicals that were cancer causing agents and because of the vicinity and the children that are involved, you didn't care. >> these parents have every reason to be angry. their children's school has toxic chemicals and even worse they were the last to know. >>> deadly fruit. fresh summer cantaloupe. it seemed healthy but it caused a deadly outbreak. >> any one of those things prevented this tragedy probably wouldn't have occurred. >> how it could have been prevented and could still happen again. >>> battery-powered brains. an experimental surgery that ca
is a criminal defense attorney. how valuid is this claim? >> you know, i didn't really see it. i actually watched the documentary, because that is a tantalizing lead, who else killed them? he is sitting on death row, the execution is pending in florida. so i think it is an attempt. multiple things going on here, he wants to prolong the execution, because if he has information, they will say give him the stay, we'll find out what he knows. also, it is full of information, the family members are sort of all jumping on this bandwagon, so i am not sure there is a lot of credence. the evidence just doesn't match any of the other murders that he committed. and the other murders are women that he was involved with sexually. that he just met, he was not a robber, per se, just a cold-blooded killer. and these patterns, they don't fit. >> are they just looking into it? >> he made claims, claims he took a gold angel pen off of nicole after he murdered her, mailed it to his mother, said wear it during one of the murder trials. so of course they're going to go back and interview him, did she have a pe
. have a good week. edward barack says he's quitting political life. he will remain defense chief until after the next set of elections. right now it's time for today's edition of the global markets report. european stocks having a pretty good week last week we are weighted to the down side after that good week. dean klein ye 7:2 at the moment, but not a bad week at all. ftse up nearly 4% last week, up 5% for the dax, 5.6% for the cac. ftse down a third, spanish yields pretty low reading. well away i suppose from the 6% mark is what i'm saying. ten year bund yields 1.4 p. we've seen the dollar index just down on a three week low at the moment. plenty of focus on yen. dollar-yen 81.98. pulling away from the 7 1/2 month high. aussie dollar back over 1.04. sterling-dollar just on the 1.60 marks as you can see. that's where we stand in europe. let's check in on the asian trading session for the first time this week. >> mixed trade here in asia. investors cautious ahead of the eurozone finance ministers meeting. but the nikkei continued to push higher as exporters gained on the yen's weaknes
to the department of defense totalling half a trillion dollars over the next ten years. so will that happen and can our military afford it? joining me is representative smith. thank you so much. >> thank you. >> assume for a moment that nothing changes and these budgets cuts go into effect. what does that look like for our national security and budget? >> it's a big cut. it's a mindless cut. there's no ability to do any sort of strategic planning. i think the defense department can take some reductions. it's part of a budget deal. we can reduce the amount of the money that we're spending but to do it through sequestration, a cut right now, mindless across the board will really hamper our national security. no question. >> you talk about the ability to make some cuts and leon panetta has suggested that being a toletoll tolerable cut. >> we have big weapon systems that have gone over budget, lasted longer. but also we had troops deployed. we are out of iraq. there are savings to be found in our ground forces and a have a right of weapon systems. >> you have to look at these things on a microlevel jus
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more seconds. give me secretary of defense stock. >> you know, i'm going to be a little opportunistic. chipotle. it's pulled way back. i think it's a hot stock. people like tacos. >> many thanks. guy gets it done. he's been around a while. knows what he's talking about. that's it for this evening's show, folks. thanks very much for watching. much more on the fiscal cliff as it unfolds. those little things still get you. for you, life's about her. but your erectile dysfunction - that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headac
thought there was an interesting article. dave cote from honeywell, the guy who runs the defense sector there -- >> is he french now? >> no, what's his name? >> very sophisticated. >> they were talking about how defense has to be cut and i think that's an important statement. i think this whole thing starts with the defense cuts and everything else will fall in line. i do think we'll get some resolution on this, whether it spills into the new year doesn't matter. i think everybody is preparing for the imminent tax hike anyway. it's just going to come. on the issue of dividends and capital gains, that will be hung out there, will we go up to the ordinary, i don't think so. i think it will be some compromise. it's not that i'm hoping that, but i think that there will be. >> does it matter if we -- so we cave. we're afraid, we don't want anything bad to happen. so we're going to raise some taxes. we're going to cave, but we're not going to really cut spending, we don't want to hurt anyone. this is what we do and no one could fail. you know, a couple years ago -- is it bad that we don't tak
bonds that yield 2% and that's going to protect you. i think gold is going to be the best defense you have against the worries that you just outlined. let's go to anthony in virginia, please. anthony? >> caller: washington redskins boo-yah rg3 nation stand up. >> man. dan snyder is your owner, have you thought about that at all? >> caller: i got a quick question. >> boo! >> when stay on the sidelines or look to get in long-term? >> when it's overbought, my old rule, i use the s&p oscillator. it comes delivered to my door on saturdays. my rule is very overbought, hey, take a pass. another time will come. however, you can get started small and hope it comes back if you just can't resist. sam in ohio, sam? >> caller: hey, jim, big glass city boo-yah to ya. >> love it. what's up? >> caller: i have a question. i've been looking at a couple of utility stocks, and looking at either going with preferred instead of the common shares. i just wanted to get your opinion on maybe what might be better -- >> nah, come on, we want upside. we want upside. we don't want to cap our upside. you know what
intelligence, they rushed to her defense, and said, don't rush to judgment on this. and now all of a sudden they want to rush to judgment without hearing any of the facts. and the bottom line here is that she wasn't even responsible for the security of that embassy. >> tara, great to have you with us. bob shrum, appreciate your time tonight. >> happy turkey day. >> that's exactly what it's going to be. that and a lot of football. >>> there's a lot more coming up in the next half hour of "the ed show." stay with us. >> it's a lot easier to vote in ohio than it is in most states. >> the republican effort to block the vote in 2012 was a complete failure, so they're getting a leg up on 2016 with some new tricks. ohio state senator nina turner weighs in text. >>> tom turkey won't be the only thing full of stuffing tomorrow. comedian barratunde thurston will tell us how to talk to right-wing relatives over the turkey. >>> and the winningest coach in college football history is hanging it up. we'll bring you the heart-warming story of st. john's coach, john gad leagery. >> hard for me to believe,
was not to take territory or change regimes or something grandiose like that. our operation was purely defensive. our goal was to protect our people so that the population of southern israel would not have to live in daily fear of an incoming rocket. we didn't want this operation. it was forced upon us by hamas' aggressive action. i hope that these understandings reach with egypt and the good office of the united states as well. and we should thank the american government will hold and we get peace. that's good for israel. that's also good for gaza. >> mark regev, thank you for joining me. >> my pleasure, sir. >> i want to turn to the other side. welcome to you, sir. how much of a concern is it to you that abas had very little to do with this cease-fire being broken? in fact, nothing, we understand. >> no, i hope the americans will not fall into another mistake. palestine and the palestine question is indivisible. gaza is part of the palestinian territory. they are part of the palestinian people. and the question of palestinian leadership is authentic. the people elected the leader of the palest
up for their defense. >> bottom line, when there is trouble in the middle east, folks tend to look here to the white house. and there are many examples in the course of history of events overtaking the plans of a white house team. gregg. >> gregg: on eight looker note. what do we know about how the president celebrated this thanksgiving? >> he made phone calls to 10 deployed service members. we are told that he thanked them for their service and sacrifice and also wanted to wish them and their families a very happy thanksgiving. the president had a lighter moment a little earlier today. welcomed the oregon state men's basketball team into the oval office. the first lady's brother coaches the team. the first family and the basketball team also served less fortunate yesterday in washington, d.c. foodbank handing out meals to children and seniors, as for the first family thanksgiving meal pretty traditional what you would expect. turkey, all the fixings, also included six different kinds of pie. >> six kinds of pie? oh, man. >> none for me. >> get in on some of that mike. get in there
that a victory. but they're trying to make hay and get local support. >> and they lost their key defense chief as well. there was another major player over the last few days. that's been egypt and mohamed morsi. he's largely credited by the u.s. for helping the cease-fire deal happen. but he did something extraordinary overnight, which he gave himself some new administrative powers, essentially makes all of this rulings over the last five months and going forward immune from any kind of legal challenges. some people are saying this is just the next step in becoming more of a dictator here. was he taking advantage of the situation? >> well, we'll have to watch this closely. it appears, you know, the timing is curious. he's gotten the support and this pump, particularly for this role in mediating the cease-fire from the united states, and from others. he's really seen as emerging stronger from this. but this is an issue that goes back to whether the judiciary in egypt was appointed by mubarak and a check on the executive branch. and what he said is this is a temporary, until they have a constitu
for today. you're seeing a grab bag of companies, some defensive names like exelon, wisconsin energy and southern company in the energy sector. as well as cablevision and genworth which is an insurance name. so roughly pretty big grab bag for laggards today. research in motion getting a big pop today on heavy volume for that stock, up 14% in a sustained rally. that's a big move for r.i.m. we're finally getting a date for the blackberry rollout, january 30th. analysts like that move as well as investors. >> we'll see if that works out. >> blackberry 10 is make or break for this stock. >> our internal market guru here at cnbc tells me that with today's rally, the markets are now back -- they've erased all of the losses we saw in the u.s. markets after the election on november 6th. we're back to -- >> we have a crack data team, don't we? we ask, they perform. thank you very much. >>> from california to florida, walmart workers have been staging protests at various locations across the country. but, is that keeping shoppers away? we'll go live to a walmart store in maryland for the lates
. the other thing we'll focus on is i think the defense department, for instance, tried to immediately to get help to our personnel on the ground in benghazi, but help was far away. it raises a question about whether the after can command of the u.s. military ought to have more assets and personnel nearby on the ground. the third part about what happened after every afterwards is obviously a real concern. i think particularly in fairness to ambassador rice, there ought to be the widest public airing of what led to her statements and others in the administration particularly obviously if she's going to be mom natured for secretary of state or some other high office. >> that's not an automatic no for you if she were to be nominated. >> no, because, first of all, i think she's had a distinguished career up until now, but secondly, i don't know -- i don't feel that i know exactly what she was told before she went on tv that sunday morning, and i think we ought to find out before we decide on whether she's a good or bad public servant. >> senator kyl used the term coverup, correct, in terms of, li
for areas to enter in o short position on lockheed martin. >> defense stocks because of the fiscal cliff. >> yes, but once that gets solved, i think you have a huge rally in early 2013. then you're left with the real facts, that we're massively accumulating debt. interest rates are artificially low at 0%. >> and we've known that. >> and we're counterfeiting money like crazy. that is not the way to build an economy. i mean, come on. how sustainable is this economy? really? >> we got it. you're right. >> did i make my point clear? >> you never know what he's thinking. >> it's the phoney recovery. it's built on an adjustable rate mortgage. an interest rate shock. when it comes out, it's going to wipe out the solvency of this nation. >> that may be the case. everything you say may be right, but the bottom line is i want to know what the stock market is going to do as a result. the fed is printing money. they're going to print more. if you think there's going to be qe-4, why wouldn't the stock market go up? >> because blowing up the amount of base money isn't enough to get the monetary aggreg
and retirement bees. >> now and -- >> you're playing defense here tonight. don't join us as a commentary. what's the story about your party. i see it -- i get increasingly aware, as you watch this show develop over the last 18 years in different forms, i get increasingly aware there's all white people at the table. a sunday show, for example, you get a sense, there's something wrong with this picture. do republicans have that sensitivity? talmage is -- >> she mentioned rogers, the number four people -- >> what do they do? >> they hold conferences every week. they run the retreats. >> run the retreats? >> john boehner -- >> you're getting in deeper and deeper. >> they run the caucus meetings every week. she runs the caucus, decides which speakers come in. vice chair of the caucus, lynn jenkins, virginia fox -- >> what's a more important position, chairman and vice chairman of the caucus or speaker of the house -- >> or committee chair. >> any of the committees. >> caucus chairman trumps the committee chairmanship. i've been both. i've been in the leadership and i've been a committee chair. look
to fund a defense and not increase revenue. with the cliff that we're faced with, we're talking about maybe a 50% reduction in the defense department, and so, you have to talk about how you're going to pay for all of this. >>, and lastly, it was so interesting, we're talking about fiscal cliff. we're talking about an avalanche. we're talking about an austerity problem. this is very strong language, very scary words. >> yes. >> the american public is not going to accept anything short of some sort of a compromise. are those words sort of floated out there something to manage expectations, possibly? >> well, you know, the press has basically coined the fiscal cliff and promoted the idea of this catastrophic position that the congress finds itself in. i think that what the public is looking for is they're looking for reasonable, sensible legislators to talk about what is possible. they're looking for both sides to be willing to compromise. but one thing we know for sure, the president has a mandate. the people have spoken, and they have said they want everybody to pay their fair share of
defense under control and spend these wasteful wars have added trillions. that's one place. we're going to have to get the health care costs down and right now our health care costs are between 50% and 100% higher than in any other country. and so we have this great opportunity to reduce health care costs, but that requires pretty deep reform that we've ducked so far because that requires going after the private health insurance industry which has been reaping huge profits. so we have to get the health care costs down. that will save a lot on the budget. >> okay. thank you very much. and, rick, let's eat now. the food snob diet. >> i do actually think -- >> that should have been the cover. >> maybe that should have been the cover. >> give peas a chance. >> i'll consult with you guys the day before. >> that's nice. that's good stuff right there. >> i have to talk about it here. >> we'll be right back. >> have a great thanksgiving. you won't find a "home rule" on every corner, a "stag provisions" down every block, or a "hugh and crye" in every town. these are the small businesses of ameri
the intelligence community. last night, senator graham rejecting her defense but says he's open to today's meeting. >> she asked to meet with us and now we'll listen to what she has to say about her role in benghazi. the more i know about benghazi, the more upset i am that the consulate was even open on september 11th. when you look at the history and the reporting coming out of libya about the dangers, it should never have been open or heavily reinforced. after the attack, i think the story we were told about a spontaneous event caused by video where a mob turned into a riot is less credible than ever. >> she reportedly called the meeting. seems like a smart move. what do you think? >> well, i think it's a smart move for john mccain to take the meeting. they're boxed in. this is not a fight they want right now. it was a stupid fight to pick. they put themselves into a corner and now they've got to figure out how to get out of that corner. and they're going to do it. they're going to talk to her and senator mccain will be gracious to her. and, again, all the questions that are being asked about be
? some down payment. the second act is some clear indication of what to do with medicare and defense stocks. they have to give a clear indication otherwise there's going to be some kind of credit downgrades in the months going into 2013. how about the greek deal? i fell out of my chair. this is a default in all but name. look at this. an extension of the loans for 15 years. 15 years. $245 billion of loans. deferral of interest payments for ten years. deferred for ten years. and a reduction in interest rates. imagine this. you have a 30-year mortgage at 3%. now instead of a 30-year mortgage you have a 45-year mortgage. instead of 3% you're paying 2%. how about no interest payments for the next ten years on your 30-year mortgage? that's the deal the greeks just signed. it's staggering because what's happening here is don't call it a default. it's not a default. it's a restructuring. the fact is this is the first step on forgiveness of the debt. they're not officially forgiving any debt. don't say that. they'll freak out on you. the fact is that the next step from here is going out into
. maybe we shouldn't have rushed to his defense before we saw how he was gog handle this. >> more on that coming up a little later because if this becomes one of the consolidated areas where power in the region is under president morsi, a lot of people wondering when it was going to happen, looks like it's happening. >> let's get to other headlines now. this video unbelievable. apparently thick fog triggered a deadly traffic pileup on a texas interstate. from the air, the crush of cars looks like a stack of toys. but on the ground, it was ugly. as many as 150 vehicles twisted on top of each other. >> there were three cars in front of me and i saw about to happen of the i literally was able to stop without hitting anyone. but there was panic. >> i was saying like, people, pay attention. just pay attention. what the hell you doing? >> slow down, too. sadly, thanksgiving day two people killed in this accident. at least 80 others injured. >>> wal-mart workers are making good on their threat to walk out on the busiest shopping day of the year. this whole thing went down in portland, or
. and international, so the fiscal cliff and everybody talks about the dra coneon armageddon with defense contractors that's not us. our government is state, local, homeland security. >> do you expect google to make handsets five years from now? >> very, very tough business. mobility lost 530 million last quarter. i think it's a tough road. there's room for apple and samsung and maybe one other player. tough. i'm glad we got out of the business and are focused on what we're doing. last point on fiscal cliff, it's not about ideology and not about -- >> oh yes it is. >> it's about making a deal, not a point. i'm optimistic we can do it. >> you should get into the censor business. >> thank you for being here. we really appreciate it. >>> coming up, crunch time for retailer, we'll get a cyber monday report from power retailers. d to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to use. it's the ultimate combination of speed, small size, and low-c
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